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Longboat Key Luxury Home Market Booming

Longboat Key, FL – The luxury home market in the Sarasota area, especially Longboat Key, is booming. Longboat Key is nestled among St. Armands Key, Bird Key, and Lido Key at the northern end of the Sarasota area, just a short drive from the world famous beaches of Siesta Key and the world class shopping, dining, and art galleries available on the Sarasota mainland along with on the local keys.

Longboat Key, like the rest of the Sarasota area, has its fair share of beautiful beaches and fantastic shopping, and is a culture-rich area. One of its biggest draws over the other Sarasota keys are its luxury clubs, as it features both world-class golf and tennis communities. The Longboat Key zip code is considered one of America’s wealthiest, and it is a prime location not only to settle down permanently but also for seasonal or retirement residences.

As mentioned, the market for Longboat Key luxury real estate is good. In 2012, less listings are being put on the market, and the ones that are being placed on the market are getting snapped up fast. During the last few months, the median price of homes being sold has ranged from $400,000-$565,000. These homes include everything from condos to beach cottages to immaculate waterfront retreats and homes within the golf communities.